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Feb 6, 2013
02/13
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republicans reject this right away because they see tax reforms as a tax increase. here's what kelly ayacht said this morning. >> his first response to everything is new taxes. he got $600 billion in new revenue, where were the spending cuts? now again he wants to raise taxes. i think it's time for us to cut spending. >> and those comments followed pat toomey, who said sorry, president obama, no more tax increases. mitch mcconnell said the government will not support more tax hikes in place of the meaningful spending reductions. so what's behind the president talking about this yesterday? >> it's no surprise. of course they're going to say it's d.o.a. they always say it's d.o.a. >> but is it d.o.a.? >> i'm not sure it is. i do think there is renewed pressure on republicans to get renewed spending cuts in this round. you see indications that house republicans especially are saying that they will swallow that sequester if that's what it takes to get actual spending cuts out of this president. >> the president didn't get specific, which is one of the criticisms yesterd
republicans reject this right away because they see tax reforms as a tax increase. here's what kelly ayacht said this morning. >> his first response to everything is new taxes. he got $600 billion in new revenue, where were the spending cuts? now again he wants to raise taxes. i think it's time for us to cut spending. >> and those comments followed pat toomey, who said sorry, president obama, no more tax increases. mitch mcconnell said the government will not support more tax hikes...
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Jan 2, 2013
01/13
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with getting the blame for most everyone's taxes rising. so it's situational sometimes. so next step is republican advantage. >> and because the cbo, i think, is with him on this, jim, they say this adds $4 trillion to the deficit. >> pretty aastonishing. there are some, you know, more conservative estimates of that. there's some folks who actually claim that things are slightly improved by this but that's based on a whole lot of assumptions. given what lynn just said, it will be interesting what happens in a couple months and my tendency believes this is with obama. i think some of the republicans by virtue of the way their districts are now shaped may be sort of boxed in again. there are a lot of folks throughout who don't want to get hit with a tea party challenge a year from now as they prepare to run again. i'm not so sure that this is not all going to come up once again with a lot of folks being very intransigent and the president taking a seemingly higher road and bashing the rich in a successful fashion. what is his position going t
with getting the blame for most everyone's taxes rising. so it's situational sometimes. so next step is republican advantage. >> and because the cbo, i think, is with him on this, jim, they say this adds $4 trillion to the deficit. >> pretty aastonishing. there are some, you know, more conservative estimates of that. there's some folks who actually claim that things are slightly improved by this but that's based on a whole lot of assumptions. given what lynn just said, it will be...
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Jan 3, 2013
01/13
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he is angry on the attempt to raise taxes on the rich in france to 75%. he said he would move to belgium. >> something is brewing at starbucks, $1 plastic cups. customers get a 10 cent discount when they bring it in for a refill. the new cups will be filled with boiling water each time the cups come in. it's their environmentally friendly attempt to keep the paper cups from ending up in land fills. and say it isn't so. wendy's is getting rid of its 99 cent value menu and offering a beefed up away of options called "right price, right size." items will range from 99 cents to $1.99. at a time when costs for meat, cheese and other ingredients are rising, it's becoming difficult for food chains to offer those 99 cent deals. mcdonald's and burger king have also moved away from their dollar menus. >> yesterday the dow soared more than 300 points on the fiscal cliff deal. right now the dow down 23 points, the s&p and nasdaq slightly in negative territory. we'll be right back. morning starts in high spirits, but there's a growing pain in his lower back. as lines
he is angry on the attempt to raise taxes on the rich in france to 75%. he said he would move to belgium. >> something is brewing at starbucks, $1 plastic cups. customers get a 10 cent discount when they bring it in for a refill. the new cups will be filled with boiling water each time the cups come in. it's their environmentally friendly attempt to keep the paper cups from ending up in land fills. and say it isn't so. wendy's is getting rid of its 99 cent value menu and offering a beefed...
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Feb 13, 2013
02/13
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. >> things like making sure that our taxes are competitive and we need to reform our tax good. bring down the rates for all americans to make it fair. they expect us to continue to expand american energy production throughout our count country. it will give us a huge advantage if we continue to develop our energy resources. and i think most americans believe that we have to stop government overregulation that's strangling our economy and economic growth. last night the president offered up more of the same. higher taxes and more stimulus spending. and just as disappointing, we're weeks away from the president's sequester and the president laid out no plan to lieliminate the sequester and the harmful cuts that will come as a result of it. republicans have twice passed bills on the sequester. it's upon democrats to show us their plan to stop the e sequester from going into effect. >> good morning. house republicans this year are going to be about making life work for more american es. now we intend to go forcefully with a plan to help folks in terms of education, in terms of heal
. >> things like making sure that our taxes are competitive and we need to reform our tax good. bring down the rates for all americans to make it fair. they expect us to continue to expand american energy production throughout our count country. it will give us a huge advantage if we continue to develop our energy resources. and i think most americans believe that we have to stop government overregulation that's strangling our economy and economic growth. last night the president offered...
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May 15, 2013
05/13
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in part, they credit tax revenue and better than expected bailout repayments. man: the charcoal went out already? ... forget it. vo: there's more barbeque time in every bag of kingsford original charcoal. kingsford. slow down and grill. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. thanks, olivia. thank you. so you can make a payment from your cell to almost anyone's phone or email. (speaking french) so you can express your gratitude... in the moment. chase quickpay. so you can. >>> broke out quickly over the safety board's new recommendation the lowers the standard for drunk driving. the board wants states to drop the current level of .08 to .05, a drop of more than 30%. now, generally speaking, that would take about three drinks for a 180 pound man to reach that .05. two drinks for a 130
in part, they credit tax revenue and better than expected bailout repayments. man: the charcoal went out already? ... forget it. vo: there's more barbeque time in every bag of kingsford original charcoal. kingsford. slow down and grill. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting...
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Feb 20, 2013
02/13
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obviously most economists think the payroll tax hike will chill growth in some way. the question is, will consumers adjust and is it sort of a one time deal? the other story though, walmart tends do do very well in recessions because they are such a retailer that caters to the lower end of the economic spectrum. they've stocked cheap products. it's possible if people are doing better now they are moving to slightly more expensive rivals of walmart like target, which could very well be the case too. it could be a mix or one or the other. >> is it still overall bad news? isn't walmart a huge, relatively huge to anyone else, percentage of the gdp? >> yeah, they are a big deal. we should never get too excited about any one company. but what they represent here is very important, a lot of americans shop at walmart. if a lot of americans aren't shopping right now because they have less money because their taxes went up and that's something that's going to provoke a sustained pull back in consumer spending, that is going to hurt gdp growth. >> here's a $6 million question,
obviously most economists think the payroll tax hike will chill growth in some way. the question is, will consumers adjust and is it sort of a one time deal? the other story though, walmart tends do do very well in recessions because they are such a retailer that caters to the lower end of the economic spectrum. they've stocked cheap products. it's possible if people are doing better now they are moving to slightly more expensive rivals of walmart like target, which could very well be the case...
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Feb 14, 2013
02/13
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the earned income tax credit? >> well the eitc is definitely something many have turned to as an alternative to raising the minimum wage. but there's not much room for that right now. we're in an age where both the president and speaker agree, you don't want to go into any more deficit than we are. and expanding the earned income tax credit would be that, it would be a tax cut for poorer people. >> you know, jim, i actually owned a small business. i had about 40 employees for a while, and they were all minimum wage earners. when you look at how to cut costs, the major variable has always been at least for many of these is looking at the labor hours. with some of their costs, how could the president or plans help these small businesses to reduce that while encouraging them not to reduce the hours which is so important about what we're talking about right now and the number of employees which is what speaker boehner is saying might happen. >> interesting, this relates to a broader debate about how you get more job c
the earned income tax credit? >> well the eitc is definitely something many have turned to as an alternative to raising the minimum wage. but there's not much room for that right now. we're in an age where both the president and speaker agree, you don't want to go into any more deficit than we are. and expanding the earned income tax credit would be that, it would be a tax cut for poorer people. >> you know, jim, i actually owned a small business. i had about 40 employees for a...
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Jun 11, 2013
06/13
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you can get a tax write off for those. a programmable thermostat, very smart, saves money. ♪ cash money sorry. i see you have allstate claim free rewards, for every year you don't have a claim, you'll get money off your home insurance policy. put it towards... [ glass shatters ] [ girl ] dad! dad! [ girl screams ] noise canceling headphones? [ nicole ] that's a great idea. [ male announcer ] home insurance that saves you money for not having a claim? that's allstate home insurance with claim free rewards. talk to an allstate agent... [ doorbell rings ] and let the good life in. [ both laughing ] but our plants were starving. [ man ] we love to eat. we just didn't know that our plants did, too. then we started using miracle-gro liquafeed every two weeks. now our plants get the food they need while we water. dinner's ready. come and get it. no one goes hungry in this house. so they're bigger, healthier, and more beautiful. guaranteed. with miracle-gro anyone can have a green thumb. and a second helping. [ both laughing ] w
you can get a tax write off for those. a programmable thermostat, very smart, saves money. ♪ cash money sorry. i see you have allstate claim free rewards, for every year you don't have a claim, you'll get money off your home insurance policy. put it towards... [ glass shatters ] [ girl ] dad! dad! [ girl screams ] noise canceling headphones? [ nicole ] that's a great idea. [ male announcer ] home insurance that saves you money for not having a claim? that's allstate home insurance with claim...
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Oct 10, 2013
10/13
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congress and the president with regard to reforming our failed entitlement system, reforming our failed tax policy. >> the senate banking committee's hearing on the shutdown is starting in moments. and then next hour both nancy pelosi and john boehner will come to the microphones. senate democrats will meet with the president at quarter to 2:00 followed by house republican leaders going to the white house. >>> some realms like paul ryan are signaling they may be open to a short-term deal to open the government and raise the debt ceiling without defunding health care. ryan is among the house gop leaders headed to the white house this afternoon. >>> i want to bring in our company, politico senior political reporter maggie haveerman. good morning. >> good morning. >> so you've got house republicans headed to the white house today. not a negotiation, but maggie, it is a conversation. are there positive signs? >> there are positive signs. what you've seen in the last two days is you have seen house republican -- some in the house, anyway, are trying to start up conversations with the senate. sor
congress and the president with regard to reforming our failed entitlement system, reforming our failed tax policy. >> the senate banking committee's hearing on the shutdown is starting in moments. and then next hour both nancy pelosi and john boehner will come to the microphones. senate democrats will meet with the president at quarter to 2:00 followed by house republican leaders going to the white house. >>> some realms like paul ryan are signaling they may be open to a...
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Oct 15, 2013
10/13
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includes something that's not in the senate bill and that is, for instance, delays in the medical device tax by two years. that's just one of the differences here. how are they going to bring this altogether? >> that's a good question. i think one of the things that looks really interesting to me in what's developing in the deal is, number one, getting budget conference back on track. this is something the democrats have wanted for a long time. they want to be meeting in conference to talk about the budget. they haven't been able to do that. they're going to have to negotiate on these smaller issues, on the medical device issue. that's something there was a little bit of democratic support for in the house. i don't imagine that's going to happen in the senate. but more importantly i think what happened here was that we had this entire 15-day shutdown and there isn't going to be an end to obama care, there isn't going to be major changes in the health care laws that have been rolled out. if that was the republican goal, i think that has faltered. >> so if we look at the signaling from the wor
includes something that's not in the senate bill and that is, for instance, delays in the medical device tax by two years. that's just one of the differences here. how are they going to bring this altogether? >> that's a good question. i think one of the things that looks really interesting to me in what's developing in the deal is, number one, getting budget conference back on track. this is something the democrats have wanted for a long time. they want to be meeting in conference to...
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Oct 8, 2013
10/13
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in because they see it as an opportunity to get the budget cuts that they want and maybe even some tax breaks. and if you watch what the obama administration is, they're very focused on optics here. even the president yesterday, you know, daring the speaker to call a vote and saying they have the votes. well, we don't know if they have the votes or not to get something through on opening up the government. but the obama administration realizes that as long as he keeps the heat on, the public still will blame it on the republicans. >> and i wonder if there can be any heat from the international markets, shira. worldwide china's finance minister says he's very concerned. vladimir putin said he'd stay home if his country was facing the same thing. although the markets here have been relatively calm. so if there's either a sense we're going to get an 11th hour deal or even if we don't get a deal, the consequences might not be so dire, is everybody just going to sit back and wait? >> well, people might -- i would be very surprised if we get a deal, you know, with a few days to spare. that's
in because they see it as an opportunity to get the budget cuts that they want and maybe even some tax breaks. and if you watch what the obama administration is, they're very focused on optics here. even the president yesterday, you know, daring the speaker to call a vote and saying they have the votes. well, we don't know if they have the votes or not to get something through on opening up the government. but the obama administration realizes that as long as he keeps the heat on, the public...
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Dec 4, 2013
12/13
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let's maybe take a look at us cutting taxes rather than increasing taxes for those who can afford it. he didn't do that. he attacked the most vulnerable in that city and that's wrong. morally it's wrong and we believe legally it's wrong and that's why we're appealing the decision. >> beyond that, obviously, and we talked about this, detroit could be just the tip of the iceberg. yesterday, for example, illinois lawmakers passed a measure to cut pension costs, including raising the retirement age. what do you see as the big picture fight here? what do you see as the impact of this decision for public retirees and workers today? >> well, i think that it will spread. i'm not convinced that you'll have a lot of cities filing for bankruptcy, but i am convinced that you will have actions taken by state legislators and governors and mayors around the country to take the easy way out and to attack workers, to attack retirees rather than looking at the overall picture and understanding and making the statement that in these tough economic times, everyone must sacrifice. not a certain segment of
let's maybe take a look at us cutting taxes rather than increasing taxes for those who can afford it. he didn't do that. he attacked the most vulnerable in that city and that's wrong. morally it's wrong and we believe legally it's wrong and that's why we're appealing the decision. >> beyond that, obviously, and we talked about this, detroit could be just the tip of the iceberg. yesterday, for example, illinois lawmakers passed a measure to cut pension costs, including raising the...
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Oct 7, 2013
10/13
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about that, because they're shifting away from obama care and looking at things like overhauling the tax code, broader reductions to medicare, medicaid. is that whether this is headed? >> well, i think at the end of the day it's a conversation we need to have and a negotiation we need to have. but we can't really have that now, because these are really big picket items that are going to be tough to resolve. and doing that with the government shut down, with all the people out of work and hurting with this artificial blow to our economy is just not a way to govern. and this president not only needs to worry about what's going to happen the time the next debt ceiling is reached or the next funding bill is due but he has to worry about what the next president is going to contend with. we can't have a situation where a minority that can't get its way either at the ballot box or even in a vote in the congress shuts the government down or threatens to default if they don't get what they want. >> just looking at the government shutdown, which by at least most economists' view is certainly the l
about that, because they're shifting away from obama care and looking at things like overhauling the tax code, broader reductions to medicare, medicaid. is that whether this is headed? >> well, i think at the end of the day it's a conversation we need to have and a negotiation we need to have. but we can't really have that now, because these are really big picket items that are going to be tough to resolve. and doing that with the government shut down, with all the people out of work and...
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Jan 7, 2013
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the tax issue is over. we resolved that a few days ago. >> can the democrats go back and say we're not done with taxes? >> they can try. what they'll try to go after is deductions, right? there's an offer by john boehner previously and mitt romney was talking about this, let's limit deductions of people of a certain class or certain wealth so that we can take some of that revenue back. i presume that's what the president will go after. i don't think he's going to get very far. the republicans have more leverage in this debate than they did in the previous one. because they do have to approve raising of the debt ceiling. they don't want to shut down the government because they will be blamed, of course. but, still, they do feel like we talked about taxes. we're done with that conversation. let's move on. i think taxes are probably going to be off the table. and that also means tax reform is off the table which is a shame. >> the president has also said, perry, he won't even talk about the debt ceiling. won't
the tax issue is over. we resolved that a few days ago. >> can the democrats go back and say we're not done with taxes? >> they can try. what they'll try to go after is deductions, right? there's an offer by john boehner previously and mitt romney was talking about this, let's limit deductions of people of a certain class or certain wealth so that we can take some of that revenue back. i presume that's what the president will go after. i don't think he's going to get very far. the...
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Feb 26, 2013
02/13
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and the fact is, he has gotten his tax hikes. it ti it's time to focus on the real problem and that is spending. the president has known for 16 months that this sequester was looming out there. when the supercommittee failed to come to an agreement. and so for 16 months, the president has been traveling all over the country holding rallies instead of sitting down with senate leaders in order to forge an agreement to move the bill. we have moved the bill in the house twice. we should not have to move a third bill before the senate gets off their ass and begins to do something. >> good morning. as the speaker said, the president is going to be in knew newport news, virginia. i'm concerned about families in the commonwealth. i'm concerned because they are concerned about the uncertainty that looms because of this sequester. now, the president has said, well, he wants to compromise but if you take a look at what's been going on, there's been four years of spending increases and now the president says, we can't have any progress on th
and the fact is, he has gotten his tax hikes. it ti it's time to focus on the real problem and that is spending. the president has known for 16 months that this sequester was looming out there. when the supercommittee failed to come to an agreement. and so for 16 months, the president has been traveling all over the country holding rallies instead of sitting down with senate leaders in order to forge an agreement to move the bill. we have moved the bill in the house twice. we should not have to...
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Oct 17, 2013
10/13
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those who want higher taxes and those who want lower taxes and a division amongst the country, but i will say that i hope that senator mccane's message carries through and hopefully that's one positive of this whole experience where parties can now come together and maybe do something to address some of these long-term, fiscal issues otherwise we'll have three and four-month extensions. >> and the change is for them to break through that and separate their message from what right now is the headline. i want to remind folks that are with us. president obama is about to come to the state dining room and we help him to be there any moment and he'll be laying out his plan forward and from what we understand the items he'll be looking at as he looks to map out a way for ward. >> he mentioned, then the shutdown was solved and that he would be immigration resumed and he could be laying out his perpective on the context? some last several weeks are all solved right now and the entire episode has been bad in his perspective for the country. so again, president obama coming to the microphones
those who want higher taxes and those who want lower taxes and a division amongst the country, but i will say that i hope that senator mccane's message carries through and hopefully that's one positive of this whole experience where parties can now come together and maybe do something to address some of these long-term, fiscal issues otherwise we'll have three and four-month extensions. >> and the change is for them to break through that and separate their message from what right now is...
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Jul 25, 2013
07/13
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>> well republicans as you know are for say tax reform simplifying the tax code and while they are against obama care there's a good reason for that. as we're already seeing the news rolling out about obama care, obama care is costing jobs. costing people being able to work full time. employers are cutting back their hours on employees if they don't comply with obama care. with president obama is not so much about economics but about politics and this is going into 2014, going into budget debate, going into raising the debt ceiling limit and he wants to paint republicans as the bad guys and he's the good guy for the middle class and yet he doesn't have new ideas. what we're seeing is old wine in a new bottle. frankly the same speech. >> i have a feeling patrick has a response. democrats saying obama care and trying to stop that is just, actually going against progress. >> amy is right the house republicans are against obama care. they voted to repeal it 38 times. they campaigned on jobs, jobs, jobs. but where are their ideas for job growth? on obama case on the health care bill but it's a
>> well republicans as you know are for say tax reform simplifying the tax code and while they are against obama care there's a good reason for that. as we're already seeing the news rolling out about obama care, obama care is costing jobs. costing people being able to work full time. employers are cutting back their hours on employees if they don't comply with obama care. with president obama is not so much about economics but about politics and this is going into 2014, going into budget...
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Feb 22, 2013
02/13
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the 2% payroll tax hike. i think hurts a household with $65,000 in annual income about $1,300 this year. so that's real money. we've got gasoline prices which have jumped nearly 50 cents a gallon in the past month alone. so you've got companies like walmart stocking more of its shelves with cheaper products and smaller sized packages of everything from toilet paper to snacks to diapers you name it, daily necessities. also burger king is cutting its whopper junior sandwich to $1.29 from about $2 and focusing its ads on its value menu items rather than higher priced salads or smoothies and also kraft and meat supplier tyson foods introducing more lower priced products to help restaurants and supermarkets adapt to the consumer spending which as we've seen already in some of the data that's coming out is taking a downshift already. >> well, some companies are adjusting to the new reality of american wineries are i guess popping the cork of the champagne. >> chocolate and wine when things are bad make it feel a wh
the 2% payroll tax hike. i think hurts a household with $65,000 in annual income about $1,300 this year. so that's real money. we've got gasoline prices which have jumped nearly 50 cents a gallon in the past month alone. so you've got companies like walmart stocking more of its shelves with cheaper products and smaller sized packages of everything from toilet paper to snacks to diapers you name it, daily necessities. also burger king is cutting its whopper junior sandwich to $1.29 from about $2...
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Mar 18, 2013
03/13
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is digging in, not showing any compromise of taxes. >> president got his tax hike on january 1st. the talk about raising revenue is over. it's time to deal with the spending problem. >> i'm joined by congressman adam shift. congressman, thanks for being here. >> pleasure. >> when you hear speaker boehner at the moment coming out with very strong words not show anything nick in the front here. is this an opening bid and that he will compromise later on? >> i think that's what it is. this is his opening position, he doesn't want to move off it any earlier than he has to. if he wants to make a deal, if this is going to be the grand bargain that he's going to have to give on revenue. so far, $2.5 trillion in deficit reduction. there's plenty of room to cut more. and plenty of room to raise revenue and that's part of any big package. >> you heard senator corker, lay ought, if they give this, we'll give this as well. entitlements is what he's saying on the democratic side. what would you be open to? >> i'd be open to reducing costs in medicare. i think the affordable care act made a goo
is digging in, not showing any compromise of taxes. >> president got his tax hike on january 1st. the talk about raising revenue is over. it's time to deal with the spending problem. >> i'm joined by congressman adam shift. congressman, thanks for being here. >> pleasure. >> when you hear speaker boehner at the moment coming out with very strong words not show anything nick in the front here. is this an opening bid and that he will compromise later on? >> i think...
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Mar 1, 2013
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one wants to raise taxes. the other one is saying bigger spending cuts and frankly this is not what the majority of the american people want. they want compromise. they want washington work. what is going on is the epitome of how washington is not working. >> we're seeing the dow down 45 points. to see who gets blamed, charles writes, he cannot win if nothing bad really happens. indeed, he would look both foolish and cynical for having cried wolf. obama's incentive to deliberately make the most socially disruptive cuts possible is enormous and alarming. hail armageddon. ronald reagan would be rolling over in his grave. is it a blame game now? >> it is a blame game. decrease in border security and that is a question whether if we don't see that happening right away, whether the public will sort of shrug and i think one of the questions is -- >> not just shrug but my question is, do you agree with charles when he says it makes the president look bad? >> it might in the short term. i'm not sure in the long term.
one wants to raise taxes. the other one is saying bigger spending cuts and frankly this is not what the majority of the american people want. they want compromise. they want washington work. what is going on is the epitome of how washington is not working. >> we're seeing the dow down 45 points. to see who gets blamed, charles writes, he cannot win if nothing bad really happens. indeed, he would look both foolish and cynical for having cried wolf. obama's incentive to deliberately make...
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Oct 24, 2013
10/13
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those who are here illegally, one that includes passing a background check, learning english, paying taxes, paying a penalty, getting in line behind everyone who is trying to come here the right way. so it had all of the component parts. it didn't have everything that i wanted and it didn't have everything that everybody wanted, but it addressed the core challenges of how we create an immigration system that is fair, that's just, that is true to our traditions as a nation of laws and a nation of immigrants. and that's passed by the senate by a bipartisan majority. so. [ applause ] here's what we also know, that the bill would grow the economy and shrink our deficits. independent economists have shown that if the senate bill became law over the next two decades our economy would grow by $1.4 trillion more than it would if we don't pass the law. it would reduce our deficits by nearly a trillion dollars. so this isn't just the right thing to do. it's the smart thing to do. securing our borders, modernizing our legal immigration system and providing a pathway to earned, legalized citizenship,
those who are here illegally, one that includes passing a background check, learning english, paying taxes, paying a penalty, getting in line behind everyone who is trying to come here the right way. so it had all of the component parts. it didn't have everything that i wanted and it didn't have everything that everybody wanted, but it addressed the core challenges of how we create an immigration system that is fair, that's just, that is true to our traditions as a nation of laws and a nation...
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Dec 12, 2013
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it does raise taxes and revenues. there is plenty of things in this bill to oppose, to recognize a deficit reduction -- >> how does this raise taxes? because he will argue to you that this does not raise taxes. >> if you fly on an airplane, you're going to pay more to washington. they like to call it a revenue, not a tax increase. one thing i did talk about is that it changes the rules and allows harry reid to push through a tax increase with only 51 votes. i just discovered this an hour ago. it's hidden deep in the bill. i think there's -- you're going to see a lot of opposition coming out of the senate about this proposal. i don't know why they stuck it in there lr, just to make it ear to raise taxes in the senate. that's conservative and most americans don't want a tax increase either. >> john boehner says the opposition is really coming from outside groups who are influencing those of you on the inside. you may have heard his comments just a moment ago. but he did say they're using our members and using the americ
it does raise taxes and revenues. there is plenty of things in this bill to oppose, to recognize a deficit reduction -- >> how does this raise taxes? because he will argue to you that this does not raise taxes. >> if you fly on an airplane, you're going to pay more to washington. they like to call it a revenue, not a tax increase. one thing i did talk about is that it changes the rules and allows harry reid to push through a tax increase with only 51 votes. i just discovered this an...
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Jun 21, 2013
06/13
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in mesa, arizona, sales tax revenue is softening as boeing suppliers cut back. and oklahoma city anticipates less spending from its largest employer, tinker air force base. mr. mayor, thank you for joining me. >> good morning, chris. >> there's one big example for your city, but what are your overriding concerns about the sequester and what it means for oklahoma city? >> i think we have already seen the impact of the sequester. two or three months ago we started to see the sales tax start to slip, and at that point the sequester hadn't taken place. just the thought of it had a lot of our federal employees start to think maybe some of the discretionary spending habits needed to be toned down. and so we are still growing from a sales tax perspective, but the growth has slowed and the sequester has played a small role in that. >> local governments are dealing with the sequester because republicans and democrats couldn't compromise to avoid the $1.2 trillion in cuts over nine years. $85 billion is being withheld for the fiscal year ending september 30th. we heard ab
in mesa, arizona, sales tax revenue is softening as boeing suppliers cut back. and oklahoma city anticipates less spending from its largest employer, tinker air force base. mr. mayor, thank you for joining me. >> good morning, chris. >> there's one big example for your city, but what are your overriding concerns about the sequester and what it means for oklahoma city? >> i think we have already seen the impact of the sequester. two or three months ago we started to see the...
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Oct 18, 2013
10/13
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so what can get done here. >> wait a second, i don't call it tax increase, i call it closing tax loopholes. there's a big difference between increasing taxes and closing giveaways. so when you look at the tax loopholes, i think that's a place we can make progress. >> you're going to go up against that idea is what you're saying? >> i think what they're going to do first is look at a number. remember, the house and senate haven't met as a budget committee, identifying a number so that the appropriations committee can begin designing the bills. >> let's talk about something you care about and that's health care. i want to go to a tech expert that spoke with tom costello. >> it doesn't work. >> if this was your product, what would you say? >> i'd be embarrassed and i'd use language with my development team that couldn't be on the air. this is ridiculous. >> ridiculous is the last word there. you know, we're looking at this, what, after 18 days we still have problems here. >> look, i'm not going to defend the problems. they have to be corrected, they have to do it immediately. but look what's
so what can get done here. >> wait a second, i don't call it tax increase, i call it closing tax loopholes. there's a big difference between increasing taxes and closing giveaways. so when you look at the tax loopholes, i think that's a place we can make progress. >> you're going to go up against that idea is what you're saying? >> i think what they're going to do first is look at a number. remember, the house and senate haven't met as a budget committee, identifying a number...
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Dec 11, 2013
12/13
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less, closing corporate tax loopholes to give small businesses tax relief that they need and ending our failed war on drugs. prohibition has not worked. our marijuana laws have been enforced with racial bias. they detract our police officers from being able to focus on more serious and violent crimes. and when we tax, legalize and regulate marijuana, we'll have the revenue to invest in other important priorities, like making sure that every one of our children are ready to enter school able to learn at the same pace as every other kid in our state. >> you're also proposing a hike in the minimum wage in your state that's higher than any other proposal that i have seen, $16.70 an hour. at the same time you'd like to cut taxes for 90% of the state's taxpayers. how does that work? >> well, the pathway to minimum wage increase needs to get us to a place where we get to a living wage. too many families have to wait for many, many years for the political stakes to come together to address wage stagnation. we need to get on a pathway. that $16.70 an hour, chris, will only be implemented by
less, closing corporate tax loopholes to give small businesses tax relief that they need and ending our failed war on drugs. prohibition has not worked. our marijuana laws have been enforced with racial bias. they detract our police officers from being able to focus on more serious and violent crimes. and when we tax, legalize and regulate marijuana, we'll have the revenue to invest in other important priorities, like making sure that every one of our children are ready to enter school able to...
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Oct 1, 2013
10/13
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historic morning. >> you also heard someone say that their taxes went up $4,000 because of obama care. there's a lot of misinformation out there. you're one of the states that has an online state-run exchange. let me start with getting the message out. how do you feel about where it stands right now, in your state and from what you know around the country? >> i feel great. this is a historic morning. after 60 years of effort, our nation has finally come to terms to find a way for people to have health insurance. it's a healthy thing, a good thing, a wonderful thing that now in my state, in what we call the real washington, we're not letting the shenanigans in washington, d.c., slow us down a bit. we're open for business. now up to a million people in my state for the first time will be able to have affordable health care and that's a tremendous thing in my state. it's interesting that it's moving forward and it moved forward in my state on a bipartisan basis. both republicans and democrats embraced this because we knew it was a healthy thing for people to have health insurance and the
historic morning. >> you also heard someone say that their taxes went up $4,000 because of obama care. there's a lot of misinformation out there. you're one of the states that has an online state-run exchange. let me start with getting the message out. how do you feel about where it stands right now, in your state and from what you know around the country? >> i feel great. this is a historic morning. after 60 years of effort, our nation has finally come to terms to find a way for...
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Sep 30, 2013
09/13
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we're happy to negotiate on things like this tax on medical devices. the senate has already passed a resolution saying they'd like to get rid of it. i personally don't think that's a good idea, but there's a lot of sentiment for it. but let's deal with this in the normal circumstances. and i think in the end, you know, the one place the president doesn't want to give any ground is to delay the affordable care act. and let's be clear, to delay a year is to essentially kill it because we'll just face the same demand next year and the year after that until the 2016 election, so he won't cave to that. i think democrats want to hold up a united front. >> let me bring in congressman adam schiff, democrat from california and a member of the appropriations committee. always good to see you, congressman. good morning. >> good morning. >> realistically from where you stand right now, are we going to be able to avoid a shutdown or is it a done deal? >> well, it's still possible. it will require one of two things. the republicans have another conference and decide
we're happy to negotiate on things like this tax on medical devices. the senate has already passed a resolution saying they'd like to get rid of it. i personally don't think that's a good idea, but there's a lot of sentiment for it. but let's deal with this in the normal circumstances. and i think in the end, you know, the one place the president doesn't want to give any ground is to delay the affordable care act. and let's be clear, to delay a year is to essentially kill it because we'll just...
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Oct 14, 2013
10/13
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dick durbin, the number two senate democrat, said yesterday the delay of the medical device tax, for instance, the verification of subsidies under obama care, those could get into a final deal but what can't is the length of the continuing resolution as well as the debt ceiling increase through the end of january, which is what collins is proposing. that was too short for democrats. they need something longer and they also will not agree to locking in the sequestration cuts past the next round of cuts, which begin january 15th. >> you know, amanda, alan simpson and erskine bowles have a new tv ad. take a look at this. >> for crying out loud, who isn't fed up with what's going on in washington? >> these politicians are playing games. they're jerking our country around from crisis to crisis. it's going to take some real political courage for folks to start working together and it's going to take a push from all of you out there. >> so some real frank language from both of them. as you saw there, amanda, are people angry? at the end of the day if they are that angry, are they calling th
dick durbin, the number two senate democrat, said yesterday the delay of the medical device tax, for instance, the verification of subsidies under obama care, those could get into a final deal but what can't is the length of the continuing resolution as well as the debt ceiling increase through the end of january, which is what collins is proposing. that was too short for democrats. they need something longer and they also will not agree to locking in the sequestration cuts past the next round...
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Oct 4, 2013
10/13
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." >> we look at the debt ceiling and do have to look at tax reform and entitlement reform. maybe we're at the point where we need to roll the cr and debt ceiling discussions together and say let's look at this long term. >> is that where we're heading, rolling the cr and the debt ceiling discussion together? >> that's absurd on its face. and i think the congresswoman must know that. we have 14 days until the american debt limit is reached and america will default if we don't take action. nobody in their right mind believes we can get to the kind of big deal that i am for, that bowles-simpson, gang of six, all those names worked on a bipartisan big deal to get us on a fiscally sustainable path. i'm for that. we -- no, no, no, let me finish. we've been negotiating that now for three years. i've been very intensely involved in those negotiations. and very frankly, every time we get to one half, that is revenues, and away from entitlements, away from cuts and spending, the republicans walk away from the table. you can't get there from here without doing that. and i think that t
." >> we look at the debt ceiling and do have to look at tax reform and entitlement reform. maybe we're at the point where we need to roll the cr and debt ceiling discussions together and say let's look at this long term. >> is that where we're heading, rolling the cr and the debt ceiling discussion together? >> that's absurd on its face. and i think the congresswoman must know that. we have 14 days until the american debt limit is reached and america will default if we...
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Dec 17, 2013
12/13
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well, again the last major tax reform bill was 1986. but what i'm getting at here is this focus that they want to have -- the republicans want to have in terms of really getting this economy jump started. you look at recent surveys, the "washington post" eight out of ten americans still think we're in a recession. the challenge here for legislators is what to do in terms of getting this economy going again. >> what to do and what can get done is the other question, doug. democrats, for example, really pushing the minimum wage, raising it. virtually no chance of that, right? >> well, i mean to david's point, you know, they haven't been focused on the economy or jobs. republicans have voted 48 times to repeal obamacare. there was only 58 laws that were passed this congress. they have been focused entirely on trying to sabotage and undermine the affordable care act. to tax reform, they told dave kemp not to do it because it would distract from the obamacare effort that they're launching. i hope that republicans decide to work with democrat
well, again the last major tax reform bill was 1986. but what i'm getting at here is this focus that they want to have -- the republicans want to have in terms of really getting this economy jump started. you look at recent surveys, the "washington post" eight out of ten americans still think we're in a recession. the challenge here for legislators is what to do in terms of getting this economy going again. >> what to do and what can get done is the other question, doug....
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Sep 19, 2013
09/13
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remind meese of an interview i did two years ago with a tea party congressman who complained about high taxes and his income. >> the amount that i have to reinvest in my business and feed my family is more like $600,000 of that 6.3 million and so by the time i feed my family i have $400,000 to invest in new locations, buy more equipment. >> you do understand, congressman that the average person out there who is making $40,000, $50,000, $60,000 a year when they hear that you only have $400,000 left over it's not exactly a sympathetic position. >> bill de blasio has made income and equality the centerpiece of his campaign for new york city mayor and he's picked up the endorsement of the clintons, not a huge shock considering that de blasio managed hillary clinton's campaign in 2000. steve king for president in 2016? he won't rule it out. in an interview with radio iowa he told the host you never know what happens in life. >>> and this hour caroline kennedy testifying before a senate panel as it considers her nomination to be ambassador to japan. she would be the first woman in that job. >>> and
remind meese of an interview i did two years ago with a tea party congressman who complained about high taxes and his income. >> the amount that i have to reinvest in my business and feed my family is more like $600,000 of that 6.3 million and so by the time i feed my family i have $400,000 to invest in new locations, buy more equipment. >> you do understand, congressman that the average person out there who is making $40,000, $50,000, $60,000 a year when they hear that you only...
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Nov 8, 2013
11/13
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we have things like the tax deal we made last year with higher tax rates on high income households bringing them back to what they were under president clinton. but the thing that's most important to bring down the deficit, a stronger economy and that's why we're trying to do everything we can to increase growth. >> one of the things that the president has pushed for and is throwing his weight behind a bill that would raise the minimum wage to more than $10 an hour but all the division in congress, the fact that the republicans have been strongly against this, particularly in the house, is there any reasonable expectation do you think that the minimum wage will be raised? >> it certainly should be raised. it shouldn't be a debate that if you work full time that you shouldn't have to raise your children in poverty, and that's what the president is trying to do. if you look back, the last time we passed a minimum wage, president bush signed it into law. the time before that, speaker gingrich passed it out of the house. so this should be something that everyone can get behind. you know, whethe
we have things like the tax deal we made last year with higher tax rates on high income households bringing them back to what they were under president clinton. but the thing that's most important to bring down the deficit, a stronger economy and that's why we're trying to do everything we can to increase growth. >> one of the things that the president has pushed for and is throwing his weight behind a bill that would raise the minimum wage to more than $10 an hour but all the division in...